Question

Compare the endogenous approach in business cycle with the exogenous approach for business cycle

Answer 1

interactions between exogenous and endogenous dynamics. ... constitutes nowadays the mainstream approach to business cycles.

Answer 2

Endogenous factors are the internal factors of a business which relates with the pricing of the product.

If the demand of the product is more, then the price of the product will automatically rise while in the exogenous approach includes the external factors where the business cannot exercise any control such as oil tanker accident can result in loss of oil and hence prices shoot up